01 November 2014
Parliament Finally Approves E-Commerce Law:
The Law on Electronic Commerce (“the Law”) which has been pending for approval by the Turkish Parliament for the past 3 years has finally been passed on October 23, 2014. However, the Law will enter into force as of May 1, 2015.
Borsa Istanbul Is Ready to Offer Its Shares to the Public:
The Decree on the initial public offering (“IPO”)of Borsa Istanbul Anonim Sirketi (Istanbul Stock Exchange Market) (“Borsa Istanbul”) shares issued by the Council of Ministers has been published in the official gazette on November 14, 2014.
01 October 2014
New Changes Brought to the Environmental Permission and Licenses in Accordance With the Turkish Environmental Law:
The Ministry of Environment and Urban Planning has recently issued a Regulation on Environmental Permission and Licenses (“the Regulation”), rendering the previous regulation dated April 29, 2009 (“the Repelled Regulation”) obsolete. The Regulation will be in force as of November 1, 2014.
The Turkish Constitutional Court Rules on Controversial Omnibus Bill Provisions:
Our Client Alert dated September 2014 entitled “The New Omnibus Bill Entered into Force” identified and explained the provisions implemented by the New Omnibus Bill (“Omnibus Bill”).
Istanbul Chamber of Commerce ("ITO") Clarifies Procedures for Delegation of Board Authority:
As mentioned in our previous Client Alert “The New Omnibus Bill Entered Into Force”, the Omnibus Bill numbered 6552 (“Omnibus Bill”) has amended many laws and regulations including some articles of the Turkish Commercial Code (“TCC”).
01 September 2014
The New Omnibus Bill Entered Into Force:
The omnibus bill numbered 6552 (“Omnibus Bill”) has been published in the Official Gazette dated September 11, 2014.
BRSA Ends Uncertainties in the Law About Payment and Electronic Money Organizations:
As mentioned under the Newsletter published in our website back in September 2013 titled “New Law on Payment & Security Reconciliation Systems, Payment Services and Electronic Money Organisations”
01 June 2014
July 1st: Deadline for Articles of Association Compliance:
July 01, 2014 is the last day for corporations and limited liability companies to have their company agreements compliant with the new Turkish Commercial Code.
The High Council of the Appeal Court Shuts the Door on Appeals Against Rejected Injunction Applications:
Turkish law allows Claimants to seek injunctions over Defendants’ assets by way of preliminary injunction orders issued at pre-litigation stage in order to obtain security for their claims.
01 May 2014
New Communiqué on Commercial Titles:
The Turkish Ministry of Customs and Trade has issued a Communiqué on Commercial Titles (“Communiqué”).
corporate, finance, regulation, petroleum, arbitration, e-commerce, advance dividends, railway, istanbul, foreign awards, national markers, energy, natural resources, letter of guarantee, interim dividends
March 2024
Client Alert: COLREG PREVAILS – TURKEY TO INTRODUCE LEGISLATION TO ENSURE SWIFT ADOPTION OF COLREG AMENDMENTS
Client Alert: SIGNIFICANT CHANGES IN THE TURKISH DATA PROTECTION LAW
January 2024
Client Alert: INSURANCE AND REINSURANCE BROKERS REGULATIONS RECEIVE SIGNIFICANT REVISIONS
Client Alert: THE CEILING FOR STAMP DUTY RAISED BY 58.46% FOR 2024
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